Pak Suzuki Motor Company has announced its third price hike in less than 30 days, resulting in an increase in the prices of some of its more affordable car models. This move follows the ongoing trend, with Pak Suzuki citing mounting inflation and local currency depreciation as the primary reasons for the price increase.
With immediate effect, the revised car prices are as follows:
|Variants||Old Price (Rs)||New Price (Rs)||Increase (Rs)|
|Alto VXR AGS||2,528,000||2,665,000||137,000|
|Alto VXL AGS||2,615,000||2,795,000||144,000|
|Wagon R VXR||2,877,000||3,062,000||185,000|
|Wagon R VXL||3,052,000||3,248,000||196,000|
|Wagon R AGS||3,348,000||3,563,000||215,000|
|Swift GL M/T||3,807,000||4,052,000||245,000|
|Swift GL CVT||4,092,000||4,335,000||263,000|
|Swift GLX CVT||4,462,000||4,725,000||263,000|
A production halt was announced by the manufacturer last week as a result of the continued economic downturn and inventory constraint. Further days without manufacturing indicate a greater sales drop. That might result in Pak Suzuki losing a considerable portion of its market share, especially in light of the recent price increase.
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